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Apr 22, 2013
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but are you going to have to raise prices because of this tax? >> no. we expect it's fwoing to be absorbed in the business. you think about the pressure that's on health care right now. we don't think it's necessarily going to be able to be passed through. so as a result we're going to have to be more effective, more efficient. we think there's still a tremendous opportunity for us not only here in the developed markets like the united states but particularly in emerging markets as well. >> where many emerging markets are big opportunities? are you talking about a place like china where you're seeing 7%, 8% growth? india? where are the real exciting opportunities? i guess latin america is also something to discuss. >> we're investing disproportionately in the emerging markets, particularly in places like china. when you think about the opportunity, right now there's about 150 million people in the s-1, premium market. we see that probably expanding by three-fold over the next 10 to 20 years. over there as well, when you've got the emerging middle class
but are you going to have to raise prices because of this tax? >> no. we expect it's fwoing to be absorbed in the business. you think about the pressure that's on health care right now. we don't think it's necessarily going to be able to be passed through. so as a result we're going to have to be more effective, more efficient. we think there's still a tremendous opportunity for us not only here in the developed markets like the united states but particularly in emerging markets as well....
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Apr 22, 2013
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> u.s. prosecutors are prepping charges against dzhokar tsarnaev. investigators won't say whether they've been begun questioning him in the hospital. he's unable to speak after being shot in the throat. fbi wants to speak with his wife's older brother -- i'm sorry, with his older brother who was killed in the shoot-out thursday night. dr. collins is here, head of north american maple croft. welcome. so, look, first of all, how complicating will this be for the investigation if they're unable to get him to speak? it sounds as though he's beginning to write. >> yes. thanks for having me on this morning. it's important in the beginning context and for this instance. so this is the first islamist attack on the united states since 9/11. in 2006, we had the liquid bomb plot that was foiled. and there's the underwear
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> u.s. prosecutors are prepping charges against dzhokar tsarnaev. investigators won't say whether they've been begun questioning him in the hospital. he's unable to speak after being shot in the throat. fbi...
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Apr 16, 2013
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and in the united states, we have a tax code that is not designed to incent investment, which produces jobs and gdp growth, and hopefully we'll change that soon. >> international priority shipping saw a decline in what you charge per package to ship. what does that tell you about the global economy outside of the u.s.? >> well, i think what people are doing with the price of fuel, and this goes to larry fink's remarks a few moments ago, about the prospects for mexico, as it costs more to move goods, off a the price of fuel, they make price service trade downs, so our economy shipping was growing quite nicely. we simply have to adjust capacity and got a little out of phase with that. but it's not by accident that, again, referencing what larry said a couple years ago, we bought a wonderful company in mexico, which is now a big part of the fedex portfolio, because we believe there's be a lot of near shoring and the nafta trades will be quite strong. >> yeah, i am loving this mexico story. you're investing in mexico as well, really interesting. fred, let me get your take on the tragedy in
and in the united states, we have a tax code that is not designed to incent investment, which produces jobs and gdp growth, and hopefully we'll change that soon. >> international priority shipping saw a decline in what you charge per package to ship. what does that tell you about the global economy outside of the u.s.? >> well, i think what people are doing with the price of fuel, and this goes to larry fink's remarks a few moments ago, about the prospects for mexico, as it costs...
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Apr 18, 2013
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you know, taxes are changing, payroll taxes, income taxes, sequestration. and there was a little bit of a pause. but then we saw us get out of that and i think they're still confidence-rich -- confidence-poor -- confidence-r. >> i lov that phrase, and i have gave you credit of late. military, i've never seen a company more aggressively try to hire people from the military. and the other thing is, i didn't know you did so much business with the military, and that's been tough now because of sequester. >> sure, sure. one of the things about snap-on, for years we focused on auto repair. but what we've been doing lately is rolling the snap-on brand out of the garage to critical industries where the penalty for failure is high. >> aerospace. >> aerospace, military. one of the first places we went to is military. and we built a big business there. it's been down, but aerospace is coming up. aerospace and natural resources is what double digits in the quarter for us. i was just at an aerospace facility in indianapolis. 800 technicians, 800 technicians there. i was
you know, taxes are changing, payroll taxes, income taxes, sequestration. and there was a little bit of a pause. but then we saw us get out of that and i think they're still confidence-rich -- confidence-poor -- confidence-r. >> i lov that phrase, and i have gave you credit of late. military, i've never seen a company more aggressively try to hire people from the military. and the other thing is, i didn't know you did so much business with the military, and that's been tough now because...
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Apr 18, 2013
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taxes just under $11,000. five bedrooms, 3.5 baths. historic property. built in 1794. >> when you think of philadelphia, this is philadelphia. pine floors. moldings. restored to perfection. 19 feet wide. fantastic garden. this is a corporate relo. a suburban person who raised their family and moving in with maybe older children. this is six fireplaces. it's exactly what philadelphia represents. >> are you seeing some bidding wars on some of the houses? >> we're seeing a tremendous amount of bidding wars primarily in entry level and move-up buyer level. in the million five to two million, those type of clients they make their decision when they want to make their decision. but as far as our 250,000 to $900,000 price range, multiple bids. >> i love philly. it's a fantastic city. >> we are counting down. in just over two hours, three megatech companies are going to report their earnings after the bill. google, microsoft and ibm. we will preview all three of them next. ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and long
taxes just under $11,000. five bedrooms, 3.5 baths. historic property. built in 1794. >> when you think of philadelphia, this is philadelphia. pine floors. moldings. restored to perfection. 19 feet wide. fantastic garden. this is a corporate relo. a suburban person who raised their family and moving in with maybe older children. this is six fireplaces. it's exactly what philadelphia represents. >> are you seeing some bidding wars on some of the houses? >> we're seeing a...
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Apr 20, 2013
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it was in 1997 the total tax rate was the appropriate tax, income tax and consumption tax in that part of the year down to 57 in the end. and to the tax revenue, it didn't. instead it would be enough in that area. >> [speaking in native tongue] [speaking in native tongue] [speaking in native tongue] [speaking in native tongue] >> translator: last year and i did the -- i was able to instruct the team and there were a number of teams in position for the document. we have to pick up the economy, otherwise -- whether to do it or not will be decided by progress. so having picked up the economy than, we can see about taxes and the timing of the assets and the tax. so in these responses, we have been seriously considering the implications. if you ask me to make a decision right now to said definitely that taxation will never be raise at this stage i cannot say that. we have to allow making sure the economy gets better. and then a judgment will be made. >> we have time for a very short question over here. wait for the mic. >> thank you for speaking today. you mentioned the partnership for econ
it was in 1997 the total tax rate was the appropriate tax, income tax and consumption tax in that part of the year down to 57 in the end. and to the tax revenue, it didn't. instead it would be enough in that area. >> [speaking in native tongue] [speaking in native tongue] [speaking in native tongue] [speaking in native tongue] >> translator: last year and i did the -- i was able to instruct the team and there were a number of teams in position for the document. we have to pick up...
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Apr 17, 2013
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a better way. it's how we've grown into america's largest domestic airline. we are southwest. welcome aboard. >>> all right. maybe this market's lost some of its exuberance over the past few days. maybe we haven't been seeing some of those record highs that become so common that they're almost yawn-worthy. commodities have gotten hammered. and you definitely want to cry when you look at a gold chart or even an oil one. west texas closes at 86. but we also got some super housing start data this week, which is all great news all around. and all because housing punches above its weight in terms of the econo
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a better...
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Apr 18, 2013
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noticing that the effective tax rate that google's reporting is actually 8%. that compares with 18%, both last quarter and in the same quarter a year ago. so you've got to wonder how much that low tax rate affected their profitability and eps in that quarter. >> indeed. all right, thank you, all. an important earnings report period just now and wouldn't you know, it's the fast food company that is the only one that beat on the top line, of all three. and it's up 7.5% right now. thank you. >>> coming up, just three days of the tax deadline comes news of a b involving current and former irsit uil you hea wh they did, michelle. >> oh, i'll be shocked. >>> also, we're going to speak exclusively to bb&t ceo about his company's earnings and his bank's trouble with stress tests. >> that and much more coming up on the "closing bell." you are watching cnbc, first in business worldwide. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's
noticing that the effective tax rate that google's reporting is actually 8%. that compares with 18%, both last quarter and in the same quarter a year ago. so you've got to wonder how much that low tax rate affected their profitability and eps in that quarter. >> indeed. all right, thank you, all. an important earnings report period just now and wouldn't you know, it's the fast food company that is the only one that beat on the top line, of all three. and it's up 7.5% right now. thank you....
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Apr 23, 2013
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he wants to end the spending cuts so he can raise taxes. you know it and i know it. and kevin brady knows it. thank you, mr. brady, we appreciate it. >> thank you. >> very much. now, folks, some more bad news. i don't know. a huge insider trading scandal broke earlier this month. a washington lobbyist tipped off some investors to an $8 billion increase in government health care spending. now, cnbc's eamon javers has new details about this grisly story. once again, good evening, eamon. >> good evening, larry. the new details are that the law and lobbying firm green and troutwig has received and is responding to a subpoena from the s.e.c. in this matter. they are involved in a situation here, because the allegation is that a separate firm called hight securities sent a tip to wall street clients that changes were coming to medicare. there was an employee involved in the chain of communication of e-mails of some of this information. now greenbergtroutwig also saying today they're going to get out of the business of so-called political intelligence. that's when firms in
he wants to end the spending cuts so he can raise taxes. you know it and i know it. and kevin brady knows it. thank you, mr. brady, we appreciate it. >> thank you. >> very much. now, folks, some more bad news. i don't know. a huge insider trading scandal broke earlier this month. a washington lobbyist tipped off some investors to an $8 billion increase in government health care spending. now, cnbc's eamon javers has new details about this grisly story. once again, good evening,...
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Apr 23, 2013
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houston, texas, no taxes, chicago, illinois. >> chicago's a great city. i love chicago, my wife's from chicago, but i've got to go with houston because i like the tax rate. >> and you were just there. >> i was just there, people were nice. i like the kind of semi-spanish style of the home, the gas grill, that outdoor living thing they've got going. >> it's a great house, great house, great location, houston, texas wins. >> wow! we've dethroned the painted lady. >> the former brothel, and that house, by the way, the other one, is actually, was a former brothel. so the english manor has deflowered the former brothel, so to speak. >> it's almost worth staying in the painted lady to hear the whispering -- >> you can't imagine the number of e-mails i got about it, seriously. but i have to tell you, it's a tough, tough go on this one. okay, both houses are amazing, both houses are in beautiful condition, both houses just are winners. but texas wins. the fact that unemployment in chicago is so much higher than houston, houston, 6%, chicago 9.2. you've got to giv
houston, texas, no taxes, chicago, illinois. >> chicago's a great city. i love chicago, my wife's from chicago, but i've got to go with houston because i like the tax rate. >> and you were just there. >> i was just there, people were nice. i like the kind of semi-spanish style of the home, the gas grill, that outdoor living thing they've got going. >> it's a great house, great house, great location, houston, texas wins. >> wow! we've dethroned the painted lady....
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Apr 18, 2013
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mortgages are a great bargain under the tax code. >> it's extraordinary. >> are they going to get rid of the deduction? mortgage deduction? >> i don't think so. it by far impacts middle america more than anyone else. if they tweak it, it will be on the edge. but listen, mortgage interest deduction has been around over 100 years. i don't believe it's going anywhere. >> demand outstripping supply in your last conference call. you said that. even better now? >> it is. >> is there a housing shortage, sir? >> absolutely. >> there is? >> it's worse than any of us imagined. >> what states? >> let's look at new york city as an example. there are no inventory. >> people are knocking on people's doors who do not have signs. i'm not kidding. >> i know. i know that to be the -- we tell them to do it. they're literally trying to convince you to sell. now, the seller's got to convince themselves that they can actually get the price they want. and that is starting to change. i mean, you're seeing extraordinary price increases. we have markets where prices are increasing 25%, 30%, and they're still b
mortgages are a great bargain under the tax code. >> it's extraordinary. >> are they going to get rid of the deduction? mortgage deduction? >> i don't think so. it by far impacts middle america more than anyone else. if they tweak it, it will be on the edge. but listen, mortgage interest deduction has been around over 100 years. i don't believe it's going anywhere. >> demand outstripping supply in your last conference call. you said that. even better now? >> it is....
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com acceler-rental. at a hertz expressrent kiosk, you can rent a car without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at the speed of hertz. >>> welcome back to "squawk." let's get down to the new york stock exchange. our good friend jim cramer joins us now. good morning, jim. if jim is there. there he is. do you hear jim? >> no, there's no audio. now do you hear us? we are here on the tv. here we are. i don't know if we can get to jim or not, but it sounds like we can't. in the meantime, we'll go to a break, come back and see what we can do. >>> when we come back we'll talk about the stock of the day. we'll be right back. ideas, goals, appetite for risk. you can't say 'one size fits all'. it doesn't. that's crazy. we're all totally different. ishares core.
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com acceler-rental. at a hertz expressrent kiosk, you can rent a car without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at the speed of hertz. >>> welcome...
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and so i pay for everyone's meal is a kind of friendly tax and what was. it said that could be one of the world's richest cities it is certainly one of the most dangerous. discreet an ordinary heroin saima who is a kurd investor are opposed and fortune in the opening of a private school a generous act which has attracted envious attention don't let me just i'm terrified so little if i do the day after or not flood was broadcast still to promote the school to physio i got a telephone call i would you. know yes there's a lot of hobby hello about any hello little you know a nothing i'd have if it is simple but it. he got a man introduced himself as a member of a terrorist organization and demanded money from my colleagues were terrorized through. other likes i was a school for a month and then i said we have to open it again we can't just give in. we have to work still life has to go on. that. neither the terrorists nor anyone else can stop me from working as a pistol only god is the master of my destiny. wealthy british style. is not on the typewriter. marke
and so i pay for everyone's meal is a kind of friendly tax and what was. it said that could be one of the world's richest cities it is certainly one of the most dangerous. discreet an ordinary heroin saima who is a kurd investor are opposed and fortune in the opening of a private school a generous act which has attracted envious attention don't let me just i'm terrified so little if i do the day after or not flood was broadcast still to promote the school to physio i got a telephone call i...
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and all these debt bombs explode wealth tax to pay for e.u. bailouts wealthy households would face new taxes on property and other assets under german plans to prop up the struggling euro zone so senior advisers to chancellor angela merkel these are called the five wise man you might call them the five wise guys as we would call them here they have come up with a new plan and they think that because the rich can just transfer their cash anywhere they decided they said to help everybody of course is they're going to go after assets that can't be moved like property something we've talked about here is that's one very huge downside to property is it's a sitting duck there you can't hide your mansion on the coaches or they just take it they tax it so this is what they plan on doing instead of taxing cash european union government should in future target property and other less mobile assets for example over the next ten years the rich should give up a portion of their assets professor both and you're set this pretty is. fessor peter both anger on
and all these debt bombs explode wealth tax to pay for e.u. bailouts wealthy households would face new taxes on property and other assets under german plans to prop up the struggling euro zone so senior advisers to chancellor angela merkel these are called the five wise man you might call them the five wise guys as we would call them here they have come up with a new plan and they think that because the rich can just transfer their cash anywhere they decided they said to help everybody of...
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. >> 10,000 tax jurisdictions. that's ridiculous. >> it's a lot. thanks a lot. airlines, railroads and the all important apple. all those reports out today. and the earnings squad standing by to break it down. this can save you hundreds of dollars on your cell phone blil. why millions around the world are kicking it when the ceo of kik messenger joins us live. the ocean gets warmer. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ge has wired their medical hardware with innovative software to be in many places at the same time. using data to connect patients to software, to nurses to the right people and machines. ♪ helping hospitals treat people even better, while dramatically reduc
. >> 10,000 tax jurisdictions. that's ridiculous. >> it's a lot. thanks a lot. airlines, railroads and the all important apple. all those reports out today. and the earnings squad standing by to break it down. this can save you hundreds of dollars on your cell phone blil. why millions around the world are kicking it when the ceo of kik messenger joins us live. the ocean gets warmer. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny...
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Apr 18, 2013
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business >>> welcome back to the program. here is a look at how stock res trading, to the up side. we are seeing increases throughout the trading session. yesterday was a different story. we started out okay and rapidly sold off. germany in particular was weak. eegan jones did dowde country to an a from an a plus. the xetra dax today after shedding better than 2% yesterday, which is a huge move for this index, rebounding by about 0.4%. small gains seen elsewhere, the ftse mib in italy up about 0.6%. keeping an eye on the presidential election process. that is currently under way. here is a look at the bond space. when it comes to the ten-year rates, we're also seeing a similar story with the one exception of germany. so generally speaking, risk sentiment doing okay this morning. yields falling to 4.65%. 4.23% respectively. we've been sittin
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business >>> welcome back to the program. here is a look at how stock res trading, to the up side. we are seeing increases throughout the trading session. yesterday was a different story. we started out okay and rapidly sold off. germany in...
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dollars or what's taxed. that's the simplest way to. no income tax if you're paid in a. fourth you're paid in. the bread. you know that's it just an exchange a commodity for the use of my time and my skills. serve linda roth child and he is sitting there overlooking all of his sheep and yell in front of fema camps and the i.r.s. and fellow preserve the builder birds and see if. we are the nanny state now where we are being watched almost everywhere we go by security cameras and satellites and drones flying over us we've got our. military now to to extend democracy out there to the rest of the world and as long as we're sleeping we're just watching t.v. everything's going to be just fine there was a while they lose one of us and they don't really like to lose us but it's all collateral damage. now and. the people here believe very strongly in peace we're pacifists we are anti-war. we believe at the same time though that very strong defense and being able to protect your life your liberty and your property is also very important so as walk through you may see guns scattere
dollars or what's taxed. that's the simplest way to. no income tax if you're paid in a. fourth you're paid in. the bread. you know that's it just an exchange a commodity for the use of my time and my skills. serve linda roth child and he is sitting there overlooking all of his sheep and yell in front of fema camps and the i.r.s. and fellow preserve the builder birds and see if. we are the nanny state now where we are being watched almost everywhere we go by security cameras and satellites and...
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click, your tax is paid. i don't know. >>> still ahead, the building of the biggest container ships to roam the world. and the man who's paying $190 million for each of them. the maersk ceo nils andersen will join us here live at post 9. >>> what will twitter music mean for the likes of pandora? back in two. but i wondered what a customer thought? describe the first time you met. you brought the flex in... as soon as i met fiona and i was describing the problem we were having with our rear brakes, she immediately triaged the situation, knew exactly what was wrong with it, the car was diagnosed properly, it was fixed correctly i have confidence knowing that if i take to ford it's going to be done correctly with the right parts and the right people. get a free brake inspection and brake pads installed for just 49.95 after rebates when you use the ford service credit card. did you tell him to say all of that? no, he's right though... omnipotent of opportunity. you know how to mix business... with business. and y
click, your tax is paid. i don't know. >>> still ahead, the building of the biggest container ships to roam the world. and the man who's paying $190 million for each of them. the maersk ceo nils andersen will join us here live at post 9. >>> what will twitter music mean for the likes of pandora? back in two. but i wondered what a customer thought? describe the first time you met. you brought the flex in... as soon as i met fiona and i was describing the problem we were having...
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bailouts wealthy households would face new taxes on property and other assets under german plans to prop up the struggle. in euro zone so senior advisers to chancellor angela merkel these are called the five wise man you might call them the five wise guys as we would call them here they have come up with a new plan and they think that because the rich can just transfer their cash anywhere they decided they said to help everybody of course is they're going to go after assets that can't be moved like property something we've talked about here is that's one very huge downside to property is it's a sitting duck there you can't hide your mansion on the coaches or they just take it they tax it so this is what they plan on doing instead of taxing cash european union government should in future target property and other less mobile assets for example over the next ten years the rich should give up a portion of their assets professor both in your set this is professor peter both finger one of the five wise guys and i think the key word in that statement is mobile this is why the sale of mobile ho
bailouts wealthy households would face new taxes on property and other assets under german plans to prop up the struggle. in euro zone so senior advisers to chancellor angela merkel these are called the five wise man you might call them the five wise guys as we would call them here they have come up with a new plan and they think that because the rich can just transfer their cash anywhere they decided they said to help everybody of course is they're going to go after assets that can't be moved...
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Apr 23, 2013
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we have uncertainty around tax. china's government is just now firmly in place and starting to take action. so i think that didn't allow things to progress on that side as well in the first quarter. >> in terms of china, we spoke yesterday with doug from caterpillar. he said in china things look a little better than they had to this point. what's your business in china look like? >> our business depends on the sector. things like nutrition and health food and agriculture, we're making great progress. automotive. in china, builds were up 12% year over year. in other areas that are infrastructure related, they have been lagging 6% to 9%. things about transformers or motors or generators. we see a lot of indication that's starting to loosen up and improve. >> i'm a nascar fan. i'm a jeff gordon fan. he's my favorite driver. i'm starting to see your name a little bit less on the 24 car. which makes me think automotive paint not where you need to be. i'm surprised by that given the automotive industry has done so well. w
we have uncertainty around tax. china's government is just now firmly in place and starting to take action. so i think that didn't allow things to progress on that side as well in the first quarter. >> in terms of china, we spoke yesterday with doug from caterpillar. he said in china things look a little better than they had to this point. what's your business in china look like? >> our business depends on the sector. things like nutrition and health food and agriculture, we're...
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and all these debt bombs explode wealth tax to pay for e.u. bailouts wealthy households would face new taxes on property and other assets under german plans to prop up the struggling euro zone so senior advisers to chancellor angela merkel these are called the five wise man you might call them the five wise guys as we would call them here they have come up with a new plan and they think that because the rich can just transfer their cash anywhere they decided they said to help everybody of course is they're going to go after assets that can't be moved like property something we've talked about here is that's one very huge downside to property is it's a sitting duck there you can't hide your mansion on the coaches or they just take it they tax it so this is what they plan on doing instead of taxing cash european union government should in future target property and other less mobile assets for example over the next ten years the rich should give up a portion of their assets professor both anger said this is professor peter both finger one of the
and all these debt bombs explode wealth tax to pay for e.u. bailouts wealthy households would face new taxes on property and other assets under german plans to prop up the struggling euro zone so senior advisers to chancellor angela merkel these are called the five wise man you might call them the five wise guys as we would call them here they have come up with a new plan and they think that because the rich can just transfer their cash anywhere they decided they said to help everybody of...
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we're in a cycle now, it's the fourth year in a row where you get this increase in volatility after tax time. and you see all the companies revising their earning forecast to temporary expectations. and so typically in the next month or two we'll have some external macro surprise that will get everyone concerned again. it's been a very consistent pattern that we do well in the fall and the early spring and then cool off and get more volatile. >> rick santelli, markets all waiting for these earnings reports this week. in the meantime among your markets, gold has bounced big today. the dollar is still flirting with 100 yen. what are you watching? what are the benchmarks you're keeping an eye on this week? >> well, you know what, i think the biggest benchmark that i'm going to pay attention to is the dax stock index in germany. it's down about 1.75% on the year. last week not only were eurozone car sales, registrations off, but germany was off in particular. i think keep it simple. i think as those auto numbers deteriorate, it's just going to exaggerate all the other weaker economies. and
we're in a cycle now, it's the fourth year in a row where you get this increase in volatility after tax time. and you see all the companies revising their earning forecast to temporary expectations. and so typically in the next month or two we'll have some external macro surprise that will get everyone concerned again. it's been a very consistent pattern that we do well in the fall and the early spring and then cool off and get more volatile. >> rick santelli, markets all waiting for...
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dollars or what's taxed that's the simplest way to. lose no income tax. if you're paid in case. you're paid. the bridge. that's just an exchange a commodity for the use of my time and my skills. evelyn durant's child and he is sitting there overlooking all of his sheep hanging out in front of him said the i.r.s. the fella reserve the builder burks and see if. we are the nanny state now where we are being watched almost everywhere we go by security cameras and satellites and drones flying over us we've got our military now to some extent democracy out there to the rest the world and as long as we're sleeping we're just watching t.v. everything's going to be just fine there was a while they lose one of us and they don't really like to lose us but it's all collateral damage. now and. the people here believe very strongly in peace we're pacifists we are anti war. we believe at the same time though that very strong defense and being able to protect your life your liberty and your property is also very important so as we walk through you may see guns scattered across the field and the
dollars or what's taxed that's the simplest way to. lose no income tax. if you're paid in case. you're paid. the bridge. that's just an exchange a commodity for the use of my time and my skills. evelyn durant's child and he is sitting there overlooking all of his sheep hanging out in front of him said the i.r.s. the fella reserve the builder burks and see if. we are the nanny state now where we are being watched almost everywhere we go by security cameras and satellites and drones flying over...
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of the quotes from heads of states and unelected bureaucrats who have basically imposed policies on tax payers and citizens around the world based on this paper all the rand of the european commission says it is widely acknowledged based on serious research that when public debt levels rise above ninety percent they tend to have a negative economic dynamism which translates into low growth for many years and timothy geitner said it's an excellent study although in some ways understates the risks so here are guys setting economic policy they have a whole team of hundreds of economists that work at the treasury why didn't he ever even think to look at the data and test it himself because they wanted this outcome anyway this is they fit the facts around what they wanted i. ideologically right well there's a double tragedy at play here because of course people like paul krugman and the money printers will say you see steroids bad we need to print lots of money but of course they have an academic agenda as well they're not paul krugman doesn't have a real job he's number had a real job he do
of the quotes from heads of states and unelected bureaucrats who have basically imposed policies on tax payers and citizens around the world based on this paper all the rand of the european commission says it is widely acknowledged based on serious research that when public debt levels rise above ninety percent they tend to have a negative economic dynamism which translates into low growth for many years and timothy geitner said it's an excellent study although in some ways understates the...
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Apr 23, 2013
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when amazon.com began to collect sales tax. there was not a rush of customers from amazon to the main street. reason? >> they do not buy online to avoid sales tax, they buy online for lower prices, choices and convenience. the internet is here to stay. and businesses turn to the internet to reach customers. those are the ones that will run head long into the border less world that david talks about. now it's without borders for the tax department. >> address the constitutional portions that it brings up? >> the supreme court said in 1992, a time we were talking about catalogs. that that time, state laws were too complex for everyone. guess what? we are in a different day and age, everyone knows electronic commerce, the internet is here to take. it's robust and what you have now is because congress has not acted you are giving a subsidy to online retailer that is not needed. what we need to do is treat everyone the same. if you have customers in a state with a sales tax, you should collect and remit. >> steve, you got the first
when amazon.com began to collect sales tax. there was not a rush of customers from amazon to the main street. reason? >> they do not buy online to avoid sales tax, they buy online for lower prices, choices and convenience. the internet is here to stay. and businesses turn to the internet to reach customers. those are the ones that will run head long into the border less world that david talks about. now it's without borders for the tax department. >> address the constitutional...
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talk to me about that yes this is the sales tax is a night in one thousand thirty days tax where you walk in the store you buy you get you're good and you pay the tax in the states tried in one thousand nine hundred to one catalog sales to force a catalog or was not in the state to collect for them there was north dakota in this case and the supreme court said is that burdensome so don't force them congress has the can give them the right to do it i know you're very that a lot of information on the table thank you so much that was very fair a fellow a senior vice president of government affairs for direct marketing association and founding member of trust a coalition a coalition seeking tax simplification. and now to an update to developing story of journalist matthew keyes this tuesday keyes pled not guilty on charges of conspiring with a hacker group anonymous by granting them access to the web site of his former employer the tribune company in order to attack them the key is despite these allegations is saying that his involvement with the group was purely for professional reasons
talk to me about that yes this is the sales tax is a night in one thousand thirty days tax where you walk in the store you buy you get you're good and you pay the tax in the states tried in one thousand nine hundred to one catalog sales to force a catalog or was not in the state to collect for them there was north dakota in this case and the supreme court said is that burdensome so don't force them congress has the can give them the right to do it i know you're very that a lot of information on...
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of the quotes from heads of states and unelected bureaucrats who have basically imposed policies on tax payers and citizens around the world based on this paper all the rand of the european commission says it is widely acknowledged based on serious research that when public debt levels rise above ninety percent they tend to have a negative economic dynamism which translates into low growth for many years and timothy geitner said it's an excellent study although in some ways understates the risks so here are guys setting economic policy they have a whole team of hundreds of economists that work at the treasury why didn't he ever even think to look at the data and test it himself because they wanted this outcome anyway this is they fit the facts around what they wanted. ideologically right well there's a double tragedy at play here because of course people like paul krugman and the money printers will say you see steroids bad we need to print lots of money but of course they have an academic agenda as well they're not paul krugman doesn't have a real job he's summer had a real job he does
of the quotes from heads of states and unelected bureaucrats who have basically imposed policies on tax payers and citizens around the world based on this paper all the rand of the european commission says it is widely acknowledged based on serious research that when public debt levels rise above ninety percent they tend to have a negative economic dynamism which translates into low growth for many years and timothy geitner said it's an excellent study although in some ways understates the...